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Or long term!
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It's going to be bad, but "it's not going to be cataclysmic." That's what American consumers need. Something bad, but "not cataclysmic."
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Nor earthmoving, unless WE and our allies & close trading partners in EU, Indo-Asia, Canada, & Latin America - start making more goods at home. And, collectively forcing China to raise wages & prices to global avg - to prevent DUMPING, or start imposing tariffs on Chinese imports
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If that’s what you think then you have no clue about the global economy and how it all works.
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The Chinese people once again expressed their support for the great policy of the United States.
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